In BX or any stock...going long appears to be suicide.JP Morgan Chase has messed the bed...real bad...and BX longs will be rolling in the excrement today.
Agreed. I don't think there is much sense at looking to buy until S&P goes deep oversold and is around 1280 - 1300.One tout said on TV that the market will test 1257 as that is where Market was at end of 2011. Says it has been 33 years since flat on year has been not been tested at least once.I laughed when he said this last week, but I can see it happening now. If you have powder - keep it dry :)
I have dry powder. I am currently dabbing it on the raw sore from my BX holding.
Posted on Friday...and even truer today. Bend over longs. Maybe order another case of KY...